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THE G-LOAN WIND-UP Secured Creditors May Participate in Final Distribution of the Estate. Orders Made To-day Mark the End of Months of Litigation. Secured creditors of the Northwestern Guaranty Loan company, insolvent, will by order of the judges of the Fourth judicial district, be allowed to participate in the final distribution of the estate, estimated at about $125,000, provided they make a satisfactory showing by July 18, as to the money received from collaterals. The accounts for services rendered of $17,000 due the Minneapolis Trust company, as receiver and of $2,500 due W. E. Dodge, Rome G. Brown and Charles S. Alberts, as attorneys for the receiver, are allowed and ordered paid. Two orders of this import were made by the judges of the district bench this morning. The ruling is considered a very important one, as it allows $2,000,000 worth of claims an opportunity to come in on the final distribution of the trust funds. The decision is upon an order issued on Dec. 11, 1902, directing secured creditors from all over the country to show why they should not be debarred from further participation in the settlement on account of their failure to obey previous orders of court. The effect of the new order is to relieve all these creditors from all former orders except in so far as specified in these orders. They are required to make a satisfactory showing by July 8 as to all money received from collaterals and upon failure to make said showing they will at that time be barred from participation. In addition, it is ordered that the receiver file a schedule by September 5, 1903, giving a list of creditors and amount of claims, this schedule to be a basis for the final distribution. Provision is also made for filing and hearing objections and for fixing the basis of distribution and provision is further made for. the final distribution and the closing up of the estate, which, under this order, will take place some time next October, after an existence of over eight years.
